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  • February 5, 2008 at 11:39 AM #11715
    bob007
    Participant

    How much inflation have we had between 2002 and 2008 ? I am trying to figure out what inflation adjusted value of a home in 2002 should be in 2008 ?

    February 5, 2008 at 11:51 AM #148359
    davelj
    Participant

    I think maybe two better questions are: (1) What has been the annualized increase in rents in the area you’re looking at, and (2) What has been the annualized increase in income in the area you’re looking at. I’d argue that the generic rate of inflation doesn’t get to the heart of the matter. Affordability (re: incomes) and economics (re: rents) do.

    February 5, 2008 at 11:51 AM #148710
    davelj
    Participant

    I think maybe two better questions are: (1) What has been the annualized increase in rents in the area you’re looking at, and (2) What has been the annualized increase in income in the area you’re looking at. I’d argue that the generic rate of inflation doesn’t get to the heart of the matter. Affordability (re: incomes) and economics (re: rents) do.

    February 5, 2008 at 11:51 AM #148642
    davelj
    Participant

    I think maybe two better questions are: (1) What has been the annualized increase in rents in the area you’re looking at, and (2) What has been the annualized increase in income in the area you’re looking at. I’d argue that the generic rate of inflation doesn’t get to the heart of the matter. Affordability (re: incomes) and economics (re: rents) do.

    February 5, 2008 at 11:51 AM #148628
    davelj
    Participant

    I think maybe two better questions are: (1) What has been the annualized increase in rents in the area you’re looking at, and (2) What has been the annualized increase in income in the area you’re looking at. I’d argue that the generic rate of inflation doesn’t get to the heart of the matter. Affordability (re: incomes) and economics (re: rents) do.

    February 5, 2008 at 11:51 AM #148611
    davelj
    Participant

    I think maybe two better questions are: (1) What has been the annualized increase in rents in the area you’re looking at, and (2) What has been the annualized increase in income in the area you’re looking at. I’d argue that the generic rate of inflation doesn’t get to the heart of the matter. Affordability (re: incomes) and economics (re: rents) do.

    February 5, 2008 at 11:55 AM #148716
    robson
    Participant

    Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
    2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

    February 5, 2008 at 11:55 AM #148364
    robson
    Participant

    Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
    2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

    February 5, 2008 at 11:55 AM #148646
    robson
    Participant

    Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
    2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

    February 5, 2008 at 11:55 AM #148616
    robson
    Participant

    Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
    2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

    February 5, 2008 at 11:55 AM #148634
    robson
    Participant

    Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
    2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

    February 5, 2008 at 12:06 PM #148652
    bob007
    Participant

    good point

    i do not have data on rents for the particular area

    February 5, 2008 at 12:06 PM #148721
    bob007
    Participant

    good point

    i do not have data on rents for the particular area

    February 5, 2008 at 12:06 PM #148369
    bob007
    Participant

    good point

    i do not have data on rents for the particular area

    February 5, 2008 at 12:06 PM #148621
    bob007
    Participant

    good point

    i do not have data on rents for the particular area

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